Shares of Tenth Avenue Petroleum Corp. (CVE:TPC – Get Free Report) were up 25% on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 137,500 shares changed hands during mid-day trading, an increase of 540% from the average daily volume of 21,483 shares. The stock had previously closed at C$0.08.
Tenth Avenue Petroleum Stock Performance
The company’s 50-day moving average is C$0.08 and its two-hundred day moving average is C$0.09. The stock has a market capitalization of C$3.99 million, a P/E ratio of -3.33 and a beta of 0.74. The company has a current ratio of 0.78, a quick ratio of 12.65 and a debt-to-equity ratio of 0.77.
About Tenth Avenue Petroleum
Tenth Avenue Petroleum Corp. engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. The company was formerly known as Jadela Oil Corp. and changed its name to Tenth Avenue Petroleum Corp. in May 2015. Tenth Avenue Petroleum Corp. was incorporated in 2011 and is headquartered in Calgary, Canada.
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